Sagility India set for stock market debut with muted expectations
livemint.com — November 12, 2024, 04:04 AM UTC
Sagility India Ltd is set to debut on the stock market today, November 12, 2024. The company’s initial public offering (IPO) was well-subscribed, with a 3.20 times subscription rate. Shares will be listed on both BSE and NSE. The IPO price was set between 28 and 30 per share, with trading starting at 10:00 AM. Experts predict a muted debut due to lower investor confidence in the IPO market, following several recent listings at a discount. Currently, the grey market premium (GMP) for Sagility shares is +0.30, suggesting a potential listing price of 30.3 per share, slightly above the IPO price. This reflects a declining trend in the grey market over the past 15 sessions.